Yen Bai steps up investment cooperation with India

News

Yen Bai steps up investment cooperation with India

Saturday, September 23, 2023

YBO - A delegation of the Indian Embassy in Vietnam led by Ambassador Sandeep Arya recently had a meeting with leaders of the People's Committee of Yen Bai province.

Secretary of the provincial Party Committee Do Duc Duy presents the Indian ambassador with the photo book "Yen Bai - Land and people”.

Introducing to the delegation Yen Bai’s potential and strengths, especially in the field of white stone exploitation and processing, Chairman of the provincial People's Committee Tran Huy Tuan said that Yen Bai has licensed six Indian businesses to invest in the province with total capital of over 28 million USD, mainly in mining for export. The annual revenue of these businesses is about 35 - 40 million USD, and they contribute about 7 million USD to the state budget.

Yen Bai appreciates R.K Group, which specialises in producing and processing all kinds of marble, Tuan said, adding that Indian businesses are also partners in providing equipment for many projects on hydropower and wood processing in the province.

Chairman of the provincial People's Committee Tran Huy Tuan receives Indian Ambassador Sandeep Arya.

He told the guests that Yen Bai currently has high-quality cinnamon, medicinal herbs and tea products, and hoped they can gain access to the Indian market.

As Yen Bai is also implementing digital transformation, it wishes to receive support from Indian enterprises in this aspect.

The Indian ambassador said that there is great potential for Yen Bai's cinnamon products to gain a firm foothold in the Indian market, as they are popular and used a lot by Indian consumers.

The two sides exchanged views on investment and cooperation opportunities in the field of rare earth. Tuan expressed his hope that Indian businesses which have experiences in this field will send technology experts to help local firms in mining and processing rare earth minerals for export.

Sandeep Arya proposed Yen Bai consider organising a trade and investment promotion conference in India to introduce its potential and strengths, popularise its tourism products to Indians, and strengthen bilateral cooperation in digital transformation and cultural exchanges in order to tighten the relationship and solidarity between India and Vietnam.

The Indian Embassy delegation attend the inauguration of a project on building an intra-field canal in Ao Sen village, Dong Khe commune, Van Chan district, which was funded by the Indian Embassy.

At a reception for the ambassador, Secretary of the provincial Party Committee Do Duc Duy expressed his joy that the diplomat's first business trip to Vietnamese localities, including Yen Bai, demonstrated cooperation between Yen Bai province and Indian localities and businesses.

Duy said he hoped the ambassador will continue paying attention to supporting projects in irrigation, clean water, environmental sanitation, and public health. He affirmed that Yen Bai leaders always accompany businesses operating in the locality.

Sandeep Arya said that he will encourage Indian businesses to learn about investment opportunities and strong areas of Yen Bai province, especially in medical herb processing, train human resources in information technology and digital transformation, and enhance cultural cooperation and people-to-people exchanges between localities of the two countries.

Duc Toan - Manh Cuong

Other news

Japanese firm to build biomass power plant in Yen Bai

At a ceremony to grant investment approval decision to Erex.

Japan's renewable energy firm Erex is going to invest in a 50MW biomass power plant project in Van Yen district, the northern mountainous province of Yen Bai.

Documents, artifacts related to Dien Bien Phu Campaign unveiled in Yen Bai

Artifacts related to the opening of Route 13A - one of the vital routes for transporting troops, weapons, and food to the Dien Bien Phu battlefield.

More than 200 precious artifacts, photos and documents related to the Dien Bien Phu Campaign have been announced in the northern province of Yen Bai, demonstrating activities taken by the provincial Party Organisation, administration, army and people to serve the campaign 70 years ago.

Mu Cang Chai Paragliding Festival to take place on upcoming national holidays

Paragliding in Mu Cang Chai district is attracting an increasingly large number of tourists.

On the occasion of the upcoming national holidays of the Liberation of the South and National Reunification, and May Day from April 27 to May 1, a lot of tourist activities will be held in Mu Cang Chai district, including the opening of the 2024 Paragliding Festival entitled “Bay tren mien danh thang” (Flying over Scenic Spot).

Yen Bai leader attends 2024 Vietnam Connect Forum

Chairman of the provincial Tran Huy Tuan attends 2024 Vietnam Connect Forum

Deputy Secretary of Yen Bai province’s Party Committee and Chairman of the provincial People’s Committee Tran Huy Tuan attended the 2024 Vietnam Connect Forum held recently in the northern port city of Hai Phong.

News